How to Become Wealthy w/Greg Luken
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
22 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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What is the main topic discussed in this episode?
Today's episode with guest Greg Lukin, we talk about riches versus wealth. He shares how he has supported first generation wealthy and what their superpowers have looked like and how you can mimic that to create your own wealth as well. Welcome to Wealthy After 40 where I help you turn retirement uncertainty into a clear, actionable plan. If you're thinking about retirement but feel unsure whether it's even possible, I understand. The gap between where you are now and where you want to be can feel overwhelming, but it doesn't have to. Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach. Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality.
No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Are you confident that you're on track for retirement or does the uncertainty keep you up at night? If you've ever wondered, how much do I really need to retire? Am I saving enough or am I behind? What should I be focusing on right now to make sure I'm ready for retirement?
Who is Greg Luken and why does he work with first-generation wealth?
The Retirement Ready Bootcamp is a three-day experience designed to give you those answers. We'll cover what it means to be truly retirement ready, how to create a retirement lifestyle that aligns your purpose and your finances, and how to determine if you have enough or what to do if you don't. You don't have to be alone on this retirement planning journey. Join me in the Retirement Ready Bootcamp and gain the knowledge and confidence to make your retirement possible. Link to register is down in the show notes or visit my website at elevatefinances.us. Excited to see you in the bootcamp. Well, Greg, welcome to the podcast. I'm excited to chat with you today as we were just discussing right before I hit record the way you like to detail stories.
And these stories are from your experience of three and a half decades. So ready to dive into that. Before we do, tell us who you are, what you do and what you love.
Great. My name is Greg Lucan. What I do is I help people do what they want to do. I mean, we can make it sound real complicated, but it really gets down to just helping them make smart decisions about money so they can do whatever it is they want to do. It's interesting. Just at lunch, I was talking to somebody. I said, I feel so fortunate because for me, there's a blurring of lines between work and play. And so as we share in our office, hey, what's good news personally and professionally, I start sharing personal and it ends up being, hey, yeah, I got this project done. And so what I love to do is I love being outside. I love to hike. I love to ski. I love to do adventurous sports. And fortunately, I'm able to do that.
I love that.
And I love to work.
And work should be fun. I love to work as well. And I'm glad I chose this as a quote job in my retirement years. It just brings me so much joy. So to dive into the fact that you primarily work with first generation wealthy people. And I think you said you kind of recognized that. And then there were some underlying things that you also discovered. So let us know, what does first generation mean? Who is that? And what are their characteristics? Things like that.
Sure. Virtually everyone I've worked with for three and a half decades came from, I'll say, modest or humble means. We have a client whose parents were migrant workers, and he was too as a child. And people that had school teachers and firemen for parents and people that grew up with what I would call just a normal lifestyle. middle-class upbringing, but there was something that happened where they had some drive and they became top performing, either top performing professionals or business owner back.
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Chapters
3 chaptersSpeakers
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